Methods and standards / Concept Glossary / Private limited company

Concept selected: Private limited company


Capitalist mercantile company made up of one or more persons in which capital is integrated by the contributions of partners and divided into equal parts called holdings that confer upon their holder the status of partner, the latter not being responsible for corporate debts.
The corporate name is free. It is not possible to adopt a corporate name which is identical to a pre-existing one and this needs to include the expression "Sociedad Limitada" or its abbreviation "S.R.L." o "S.L."
As for the number of partners, there has to be at least a minimum of one partner and a maximum of 50. The responsibility of partners for corporate debts with regards to third parties is limited to contributions made or committed but not yet made.
For the acquisition of legal personality a public deed, registry registration, census declaration and obtaining of a tax identification number is needed.
Capital cannot be less than 3,005.00 ¤, and it must be fully paid up when the company is constituted.


Surveys Mercantile Companies and Bankruptcy Proceedings


Statistical operations

(links to the Inventory of Statistical Operations)

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